Rise in National Insurance and Minimum Wage delivers ‘ big blow’ to struggling firms October 30, 2024 Rachel Reeves’ increase to employers’ National Insurance Contributions (NIC) will be a “big blow” to sectors already suffering from higher costs, a number of businesses have warned. While delivering the Autumn Budget this afternoon, the Chancellor announced a number of “very difficult decisions” in order to fill the £22bn “black hole” inherited by the Conservatives. [...]
Government hits £550m target in consultancy cuts October 30, 2024 The government is set to continue to bear down on consultancy spending as it expects to hit its £550m savings target on the external advice
Autumn Budget 2024: Treasury cracking down on fraud October 30, 2024 The Chancellor of the Exchequer has made fraud and error in the welfare system a priority, with a new programme aiming to save £4.3bn by the end of the decade
Autumn Budget 2024: UK private schools hit by VAT fees October 30, 2024 Private schools will be subject to VAT on fees from the start of 2025, Chancellor Rachel Reeves announced in today’s Autumn Budget. As expected, the government is removing the tax benefits previously linked to the charitable status of all private schools in the UK. Tuition and boarding tuition fees will now be taxed 20 per [...]
Autumn Budget 2024: Reeves commits £5bn for Government housebuilding programme October 30, 2024 Chancellor Rachel Reeves has committed in the Budget to more than £5bn of investment over 2025-2026 to deliver the Government’s ambitious plans on housing next year. In the Budget, Reeves announced a range of measures to support Labour’s target, including skills training, reforms to the planning system and additional assistance for affordable housing. She also [...]
Autumn Budget 2024: Reeves spares banks from tax raid after lobbying October 30, 2024 The government has spared UK banks from a tax raid in its maiden Budget after lobbyists warned it could hurt the sector's international competitiveness.
Autumn Budget 2024: Train fares and price of railcards to rise October 30, 2024 The price of a train fare in England is to rise by up to 4.6 per cent in 2025, it has been announced. A Budget document published by the Treasury also revealed that the price of most railcards will also increase by £5. The increase in fares is one percentage point above July’s Retail Prices [...]
Autumn Budget 2024: All the key announcements October 30, 2024 After weeks of speculation, Rachel Reeves has delivered her first Budget as Chancellor to the House of Commons. The Budget was the first from a Labour government in 14 years and the first one ever by a female Chancellor. The 77-minute address to MPs featured a wide range of announcements which City AM has summarized [...]
Autumn Budget 2024: Sunak slams Labour for being dishonest with the British public October 30, 2024 Rishi Sunak has slammed the government for "not being straight with the British people", and argued that Labour's Budget is "saddling our children and grandchildren with billions upon billions of debt".
Autumn Budget 2024: Government to examine ‘tough alternatives to custody’ in prison reforms October 30, 2024 The Chancellor has revealed a £2.3bn investment in prison expansion to create thousands of new prison places, as the government aims to "repair the justice system"